The Simply Good Foods Company (NASDAQ:SMPL) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 990,500 shares of the financial services provider's stock after acquiring an additional 256,200 shares during the quarter. Handelsbanken Fonder AB owned 0.98% of Simply Good Foods worth $38,610,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in SMPL. Stifel Financial Corp boosted its position in Simply Good Foods by 1.9% during the third quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider's stock worth $928,000 after purchasing an additional 498 shares in the last quarter. Cynosure Group LLC raised its stake in shares of Simply Good Foods by 4.9% during the 3rd quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider's stock worth $371,000 after buying an additional 500 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Simply Good Foods by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider's stock worth $473,000 after buying an additional 501 shares in the last quarter. Quarry LP grew its stake in Simply Good Foods by 64.7% in the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 533 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Simply Good Foods in the 4th quarter valued at about $26,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

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Simply Good Foods Trading Up 1.1 %

Shares of SMPL stock traded up $0.42 during mid-day trading on Monday, hitting $37.73. 293,834 shares of the company's stock were exchanged, compared to its average volume of 1,103,570. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 3.23 and a beta of 0.65. The stock has a 50-day simple moving average of $37.38 and a two-hundred day simple moving average of $35.78. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $40.53. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company had revenue of $341.30 million during the quarter, compared to analysts' expectations of $347.32 million. During the same quarter in the previous year, the business earned $0.43 EPS. The firm's revenue was up 10.6% on a year-over-year basis. Equities analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup reduced their price target on shares of Simply Good Foods from $46.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Mizuho reduced their target price on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.22.

Simply Good Foods Profile

The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.